StartupGrants India
UCO Bank
Corporate

UCO Bank

West Bengal, India

UCO Bank, a public sector bank headquartered in Kolkata, lends to DPIIT-recognised startups through its UCO Start-Up Scheme, covered by the Credit Guarantee Scheme for Startups.

Official website

UCO Bank at a glance

AddressWest Bengal, India
Programmes1 standing programme
Official websitewww.uco.bank.in

Programs UCO Bank supports

Programs this organisation funds, run by others. · 1 open now · 0 past

Open now

Credit Guarantee Scheme for Startups (CGSS)

under Credit Guarantee Scheme for Startups (CGSS)
by UCO Bank

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Programmes they run

Standing programmes at UCO Bank, separate from the funding calls above.

UCO Start-Up Scheme

Loan

A UCO Bank term loan or cash credit for DPIIT-recognised startups, with the facility covered under the Credit Guarantee Scheme for Startups.

Best for: DPIIT-recognised startups with a stable revenue stream that can take a bank loan.

What you get, who can apply and how to apply

UCO Bank lends to startups under its UCO Start-Up Scheme. The facility is covered under the Credit Guarantee Scheme for Startups run by the National Credit Guarantee Trustee Company, so part of the bank's risk is guaranteed.

What you get

  • A bank loan: cash credit, term loan, letter of credit or bank guarantee.
  • Guarantee cover from the national scheme, capped per borrower; the bank still takes primary security.

Who can apply

  • Startups registered as MSMEs with a Udyam Registration Certificate and recognised by DPIIT.
  • Startups up to ten years from incorporation, with turnover within the scheme limit.
  • Partnership firms, limited liability partnerships and private limited companies.

How selection works: the bank checks eligibility and a stable revenue stream over the last 12 months, then appraises the loan on its own credit policy.

How to apply: contact the MSME Department at UCO Bank head office in Kolkata (msme.calcutta@ucobank.co.in) or your nearest branch, and ask for the UCO Start-Up Scheme.

Full UCO Start-Up Scheme guide

How to apply to UCO Bank

Choosing the right route

  • The guarantee only covers a loan. If you need an equity investor or a grant, this page is not that route.
  • Ask UCO Bank's MSME Department for the UCO Start-Up Scheme by name. It is listed on the bank's MSME products page.

How applications work

  • Confirm your DPIIT startup recognition and Udyam Registration before you approach the bank.
  • Ask the MSME Department to confirm the guarantee application and reference steps before disbursement.
  • Approach more than one lender if you can. The interest rate and tenure differ between banks for the same scheme.

How selection works

  • The bank checks eligibility, then appraises the loan on its own standards, including your revenue record.
  • Startups need a stable revenue stream over the last 12 months, assessed from audited monthly statements.

About UCO Bank

UCO Bank is a public sector bank with its MSME Department at head office in Kolkata. For startups, its main route is the UCO Start-Up Scheme: a term loan or cash credit from the bank, with the facility covered under the Credit Guarantee Scheme for Startups run by the National Credit Guarantee Trustee Company.

How the scheme works

The scheme covers a bank loan, not a grant or an equity investment. The bank appraises the loan itself. The guarantee is obtained through the MSME Department, which generates the guarantee reference and sends the disbursement details to the national guarantee portal.

Who can apply

The startup must be registered as an MSME with a Udyam Registration Certificate and recognised by DPIIT as a startup. Startup status runs for up to ten years from incorporation or registration, and the entity's turnover must not have exceeded the scheme's limit in any financial year. Partnership firms, limited liability partnerships and private limited companies are listed as eligible constitutions.

What the loan looks like

The facility can be cash credit, a term loan, a letter of credit or a bank guarantee. Security is primarily hypothecation of current and non-current assets. Interest rate and repayment tenure are set by the bank on its own credit policy and are not fixed by the guarantee scheme.

Who runs it

The MSME Department at UCO Bank head office, Kolkata, administers the scheme and the guarantee applications.

Frequently asked questions about UCO Bank

What is UCO Bank?

UCO Bank is a corporate based in West Bengal.

What does UCO Bank do?

UCO Bank is a public sector bank with its MSME Department at head office in Kolkata. For startups, its main route is the UCO Start-Up Scheme: a term loan or cash credit from the bank, with the facility covered under the Credit Guarantee Scheme for Startups run by the National Credit Guarantee Trustee Company.

Where is UCO Bank located?

UCO Bank is based in West Bengal, India.

What programs does UCO Bank run?

UCO Bank runs UCO Start-Up Scheme.

How do I apply to UCO Bank?

- The guarantee only covers a loan. If you need an equity investor or a grant, this page is not that route. - Ask UCO Bank's MSME Department for the UCO Start-Up Scheme by name. It is listed on the bank's MSME products page. - Confirm your DPIIT startup recognition and Udyam Registration before you approach the bank.